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Illinois country grain prices were
mixed on Friday afternoon, with corn and wheat higher and
soybeans mostly lower.
Corn futures gained strength after
the release of the USDA's new Supply Demand report.
In Northern and Western Illinois country grain dealers quoted
shelled corn bids were mostly 9 to 14 cents higher at 7.09-7.23.
Soybean bids were mixed at
14.69-14.83.
In Central Illinois country grain dealers quoted shelled corn
bids were 9 to 13 cents higher at 7.17-7.27.
Soybean bids were 2 to 3 cents
lower at 14.83-14.93.
In the Southern part of the state, shelled corn bids were 12 to
13 cents higher at 7.00-7.40.
Soybean bids were mixed at
14.92-15.09. Wheat bids were 1 to 3 cents higher at 6.89-7.12.
Illinois grains ended mixed with
soybeans higher and wheat and corn lower.
Soybean futures drew strength from
export sales and good export interest.
China was a buyer of US soybeans
this week, of both old and new crop. With shipping delays of
over 50 days from Brazilian ports, some buyers are still coming
to the US for their soybean and soybean meal needs.
These numbers helped to lift
soybean values this week.
Export inspection numbers for
soybeans totaled 40.3 million bushels, with weekly export sales
figures of 1.382 million tonnes. Of the 1.382 million tonnes,
392,000 tonnes were for old crop and 990,600 tonnes were sold
for the new crop year.
The slow export market weighed on
wheat futures.
While the US might be
competitively priced in the world market, buyers are slow to
write contracts for US wheat.
Corn futures are also weakened by
the slow export trade, but strong domestic usage continues to
keep old crop prices firm.
The trading in the cash grain market was slow.
Lower cash values for corn slowed
movement to the terminals and processors.
Many grain merchandisers have
moved their cash basis month from the March (H) to the May (K)
futures month, so that will hurt measurement of basis this week
at some
locations.
However, basis did firm up along
the Illinois River points on Thursday for both cash corn
and soybeans.
The Central Illinois Soybean
Processors cash bids were 21 to 26 cents higher ranging from
15.18-15.21, with basis ranging from +45K to +48K.
The Central Illinois Corn
Processors cash bids were 4 to 12 cents lower ranging from
7.24-7.31, with basis steady to 8 cents higher at +33K to +40K.
At the Illinois River terminals
south of Peoria, cash corn bids ended 12 to 18 cents lower
ranging from 7.14-7.18, with basis at +23K to +27K.
Cash soybean bids gained 17 to 20
cents to 15.02-15.03, with basis ranging from +29K to +30K.
New crop wheat bids for delivery
in July 2013 ended 12 to 16 cents lower ranging from 6.79-6.85,
with basis up 1 to 5 cents at -20N to -14N.
At the Illinois River terminals
north of Peoria, cash corn bids were down 5 to 12 cents at
7.11-7.21, with basis at +20K to +30K. Cash soybean bids were up
17 to 22 cents at 14.99-15.03, with basis ranging from +251/2 K
to +30K.
[to top of second column] |
New crop wheat bids for July 2013
delivery fell 14 to 16 cents to range from 6.84-6.87, with basis
1 to 3 cents higher at -15N to -12N.
At the St. Louis terminals cash
corn bids closed 5 to 8 cents lower ranging from 7.20-7.25, with
soybeans up 6 to 21 cents
ranging from 15.15-15.18.
Cash bids for Soft Red Winter
wheat were down 17 cents to 7.21-7.22 and cash sorghum bids fell
34 cents to 6.90-6.91.
In northern and western Illinois, cash corn bids to producers at
country elevators were mixed at 7.01-7.23, with central Illinois
locations down 11 to 12 cents at 7.04-7.16 and in southern
Illinois bids were 13 to 20 cents lower ranging from 6.88-7.27.
Cash soybean bids in northern and
western
locations were up 17 to 28 cents at 14.63-14.87, with central
Illinois bids 17 to 21 cents higher at 14.85-14.96 and southern
Illinois bids gained 17 to 18 cents at 14.88-15.12. Cash wheat
bids for Soft Red Winter wheat in southern Illinois locations
lost 14 cents to 6.88-7.09.
New crop wheat bids for June-July
delivery in southern Illinois were down 15 to 30 cents ranging
from 6.54-6.84.
___
Commercial grain prices paid farmers
by Interior Illinois Country Elevators after 2.00 p.m. Friday are listed below in dollars per bushel:
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
US 2
SOFT
WHEAT |
|
NORTHERN |
7.09 - 7.23 |
14.69 - 14.76 |
|
|
WESTERN |
7.13 - 7.18 |
14.71 - 14.83 |
|
|
N. CENT. |
7.17 - 7.22 |
14.88 - 14.93 |
|
|
S. CENTRAL |
7.17 - 7.27 |
14.83 - 14.92 |
|
|
WABASH |
7.25 - 7.39 |
14.95 - 15.01 |
6.89 - 7.07 |
|
W.S. WEST |
7.00 - 7.22 |
14.92 - 15.01 |
6.93 - 7.08 |
|
L. EGYPT |
7.32 - 7.40 |
15.01 - 15.09 |
7.02 - 7.12 |
Central Illinois average price
Corn: 7.22 (+18 1/2K)
Soybeans:
14.88 (+17 K)
CONTRACT BIDS FOR NEW CROP 2013 DELIVERY
|
AREA |
US 2
CORN |
US 1
SOYBEANS |
***US
2
SOFT
WHEAT |
|
NORTHERN |
5.07 - 5.23 |
12.28 - 12.40 |
|
|
WESTERN |
5.09 - 5.21 |
12.29 - 12.38 |
|
|
N. CENT. |
5.11 - 5.22 |
12.28 - 12.39 |
|
|
S. CENTRAL |
5.17 - 5.27 |
12.42 - 12.49 |
|
|
WABASH |
5.19 - 5.32 |
12.39 - 12.44 |
6.69 - 6.79 |
|
W.S. WEST |
5.12 - 5.27 |
12.41 - 12.54 |
6.81 - 6.83 |
|
L. EGYPT |
5.22 - 5.32 |
12.39 - 12.49 |
6.67 - 6.79 |
***June/July 2013 delivery
Cent. Ill. Average Price at Country
Elevators
|
Week of |
3/7/2013
|
2/28/2013 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.10 +19K |
7.21 1/2 +2H |
|
Soybeans |
14.90 1/2 +17K |
14.71 1/2 -3H |
Annual Comparison
|
|
February 2013 |
March 2012 |
| |
Price--Basis |
Price--Basis |
|
Corn |
7.15
+7 1/2H |
6.46 - 1 1/2K |
|
Soybeans |
14.67 +11H |
13.33 -19 1/2K |
[Text copied from
USDA-IL
Dept of Ag Market News, Springfield]
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